I’ll take the option that sells less tickets.
I got in a conversation about print versus online advertising today, and I posed the following SAT-like question to my adversary . . . got your #2 pencil ready?
At the very beginning of a campaign, one Producer spends $100k on a print ad that sells $100k worth of tickets.
Another Producers spends $100k on Google ads that sells $50k worth of tickets.
Which one is more valuable?
D. Multiple choice questions suck.
My answer? B (and D.)
Obviously this is an oversimplification because we don’t know all the specifics, but here’s my general thinking . . . sure, you may have sold less tickets, but online statistics has taught you a helluva lot more that you can use the future (even on print campaigns).
You’ll sell more because you initially sold less.
It’s education and it has a cost.
Why do you think med school is so expensive? Because those schools know after you pay them a buttload of cash you can use that knowledge to earn an even bigger buttload.
Ken created one of the first Broadway podcasts, recording over 250 episodes over 7 years. It features interviews with A-listers in the theater about how they “made it”, including 2 Pulitzer Prize Winners, 7 Academy Award Winners and 76 Tony Award winners. Notable guests include Pasek & Paul, Kenny Leon, Lynn Ahrens and more.